Posted by diabloblanco on 30th of Jan 2023 at 07:16 pm
new rules for foreign investors /traders put in place by
U.S. gov
As a result of recent U.S. legislation, effective January 1,
2023, gross proceeds from the sale of and distributions from PTPs
held by non-US tax residents (accounts which do not file W9
declarations) may be subject to 10% U.S. withholding tax.
Here is the impact to you if you hold a PTP position that has
income effectively connected with a U.S. trade or business: If you
sell the PTP after December 31, 2022, there will be a 10%
withholding tax applied to the gross proceeds from the sale.
Further details about this rule can be found on the
IRS site.
Impacted PTPs can typically be identified if:
They withhold 37% on distributions (21% on distributions to
corporations)
new rules for foreign investors
Tried to trade UNG today. Tastyworks blocked the trade as ...
Posted by diabloblanco on 30th of Jan 2023 at 07:16 pm
new rules for foreign investors /traders put in place by U.S. gov
As a result of recent U.S. legislation, effective January 1, 2023, gross proceeds from the sale of and distributions from PTPs held by non-US tax residents (accounts which do not file W9 declarations) may be subject to 10% U.S. withholding tax.
Here is the impact to you if you hold a PTP position that has income effectively connected with a U.S. trade or business: If you sell the PTP after December 31, 2022, there will be a 10% withholding tax applied to the gross proceeds from the sale. Further details about this rule can be found on the IRS site.
Impacted PTPs can typically be identified if:
They withhold 37% on distributions (21% on distributions to corporations)
this includes a lot of ETFs BOIL & COLD included
irs.gov
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PTP. ?? Acronym for what
Posted by watcdy on 30th of Jan 2023 at 08:33 pm
PTP. ?? Acronym for what please ?
Publicly traded partnerships
Posted by diabloblanco on 30th of Jan 2023 at 08:39 pm
Publicly traded partnerships
Thank you
Posted by watcdy on 31st of Jan 2023 at 08:30 am
Thank you